Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS – Get Free Report)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $6.42 and traded as high as $6.96. Controladora Vuela Compania de Aviacion shares last traded at $6.8350, with a volume of 675,013 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have weighed in on VLRS. Zacks Research cut Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. The Goldman Sachs Group reduced their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Thursday. UBS Group boosted their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Sunday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.40.
Controladora Vuela Compania de Aviacion Price Performance
The stock has a market cap of $796.96 million, a P/E ratio of -3.56 and a beta of 1.81. The company has a debt-to-equity ratio of 10.31, a current ratio of 0.67 and a quick ratio of 0.64. The business’s fifty day moving average price is $6.42 and its 200 day moving average price is $7.70.
Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.19). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 6.20% and a negative return on equity of 151.52%. Sell-side analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.45 EPS for the current fiscal year.
Institutional Trading of Controladora Vuela Compania de Aviacion
A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Controladora Vuela Compania de Aviacion by 238.7% during the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after buying an additional 2,301 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after buying an additional 7,632 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $187,000. Y Intercept Hong Kong Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $177,000. Finally, Personal CFO Solutions LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $221,000. Institutional investors and hedge funds own 53.32% of the company’s stock.
Controladora Vuela Compania de Aviacion Company Profile
Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.
Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.
Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.
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